LMT is making new all-time highs. What a great stock - it has done nothing but make money for shareholders. Despite the ~67% drop from 1998-2000, it never broke its steady uptrend:

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

It was a choppy, boring day today. On a day like this, it is hard to trade and I am satisfied with any profit I can get. There weren’t (m)any good setups that worked on my watchlist. I was in the red most of the day and it looked like I was going to finish with about a 1R loss, but I was lucky and shorted LCC before it dropped later in the afternoon:

Two more trading days to finish off the month of July. I am just under my best month in terms of dollar profit, so I am going to see if I can climb over it tomorrow and Monday.

Daniel Tammet’s new book, Born On A Blue Day: A Memoir of an Extraordinary Mind, has moved to #9 in the Sunday Times Non-Fiction Hardcover Bestseller list after its first full week of sales. From his blog:

Mondays are purple, Tuesdays are a much warmer, orange colour, Thursdays are a bitty light yellow, Fridays are aubergine-coloured, Saturdays are curvy and Sundays are very bright and shiny.

When someone asks me to calculate the day of the week he/she was born on, I see the colours and textures in my head and translate them into the answer.

Good morning, my name is Ugly, and I am a loser. I have it in me to do serious financial damage to my account.

Dear Diary,
Wow, AMKR is getting killed this morning. That’s why I like being a day trader. And check out AKAM - really ugly day yesterday and this morning it is gapping up 20%. That’s earnings season for you.
The following alpha stocks are opening up:

The following alpha stocks are opening down:
(more…)

It’s ironic that I have recently been trading from the coffee shop without the additional monitor I usually use in my office - posting about how it simplifies things to have less information in my view - and there is a recent article about how adding a monitor will simplify your life.

While most people are happy with two screens, Microsoft researchers found that the optimal desktop setup involves three: a monitor in the middle of your field of vision and then one on each side.

I agree that extra monitors make things easier, but I don’t know if it simplifies anything. Last week, when I was forced to trade with only one monitor, I realized that I used the extra screen for more lists and scans, which are distracting. With VirtuaWin, I can switch over to the other “virutal monitor” when I want, but it is not always in my field of view - and this makes it less distracting. It also makes it difficult to overtrade. Obviously it’s not for everyone - but you might want to give it a try. I enjoy its simplicity and mobility.

Today I missed AMKR:

It was on my watchlist and offered a very narrow candle at 10:30, but I didn’t take it because I was looking for shorts. I came very close to going long AMKR.
But it was a choppy day - I am almost always satisfied on a day like today if I can make any profit.

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –

“It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower.” - William O’Neil

– Click here for today’s full list –